Bitcoin
$64,901.33+4.43%
Ethereum
$3,111.13+2.93%
Binance Coin
$561.10+2.88%
Solana
$145.15+7.87%
XRP
$0.50114077+1.60%
Toncoin
$7.12+12.52%
Dogecoin
$0.15378236+3.86%
Cardano
$0.46810927+4.23%
Shiba Inu
$0.00002337+5.06%
Avalanche
$35.66+2.09%
Wrapped Bitcoin
$65,051.17+6.34%
Tron
$0.10941365-0.62%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
08
HR
41
MIN
24
SEC
Finance

Samsung SDS Invests in Blockchain Startup

An information technology affiliate of Samsung announced today that it has invested in a blockchain startup.

By Stan Higgins
AccessTimeIconJul 14, 2016 at 9:20 p.m. UTC
Updated May 9, 2023 at 3:03 a.m. UTC
CoinDesk placeholder image
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

An IT affiliate of South Korean electronics and manufacturing giant Samsung announced today that it has invested in a blockchain startup.

Samsung SDS said that it had invested in Blocko, a firm also based in South Korea, as well as a cybersecurity startup called Darktrace. The investment amount was not disclosed.

VolumeMuteUnmute

Former CFTC Chair ‘Very Concerned’ About Funding for Crypto Regulation

  • Hivemapper CEO on Building a Mapping Economy on Web 3
    06:36
    Hivemapper CEO on Building a Mapping Economy on Web 3
  • Solana Commits $100M to Support South Korean Crypto Projects
    06:49
    Solana Commits $100M to Support South Korean Crypto Projects
  • Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
    06:39
    Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode

    • Blocko runs a blockchain-as-a-service platform called CoinStack, according to its website.

    The firm said in a statement:

    "Samsung SDS will increase competitiveness of its cybersecurity business and services by promoting sales of the differentiated cyber threat defense solution by Darktrace to Korean companies, as well as work with Blocko to support commercialization of emerging blockchain technology in various sectors including IoT."

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.